DC Advisory Partners advised Andlinger & Company on the sale of Lapp Insulators to Quadriga Capital
Essential Information
Client
Lapp
Date
September 2011
Deal value
€ Undisclosed
Advice Type
Sell-side Advice
Sector
Industrial Products and Services
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DC Advisory Partners advised Andlinger & Company on the sale of its portfolio company Lapp Insulators to Quadriga Capital.
Lapp Insulators, with sales exceeding EUR 130 million, 1,100 employees and production sites in Germany, USA, Poland, Romania and China, is one of the leading global manufacturers of high voltage electric insulators for the energy infrastructure industry. Lapp Insulators products are used in high voltage power transmission lines, power plants and power substations, as well as in the railroad power grid. The Company serves a diverse set of electrical utilities and original equipment manufacturers in more than 70 countries worldwide.
Over the last decade, management has successfully transformed Lapp Insulators from a local US manufacturer to an international leading group, amongst others through acquisitions and joint ventures. The Company is now well positioned to participate in the growing electrical infrastructure industry. The combination of increasing global electricity use, replacement need in established regions, and legislative changes provides the foundation for long-term and stable industry growth.
DC Advisory Partners managed a competitive sales process involving private equity and strategic investors worldwide.
DC Advisory Partners acted as sole financial advisor to Andlinger & Company, Inc., an international private investment and management firm, founded by Gerhard Andlinger in 1976. Closing of the acquisition is subject to merger control clearance. Financial terms of the transaction were not disclosed.
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